In an article published on Monday, November 27 on Law360, Ashley Elmore Drew, Adam Knight and Chad Davis discuss the recent changes to FATCA reporting requirements and how to identify and address emerging compliance issues. The authors emphasize, "Failure to be in compliance with FATCA can have serious implications, including possible agreement termination and potentially significant liability. With the additional requirements of FATCA registration and reporting, and possible additional changes on the horizon, FFIs should seek counsel from both their legal and accounting advisors."

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